IBA Invites UFBU For Negotiations On Wage Revision Fixed On 21.2.2018

IBA Invites UFBU for Negotiations on Wage Revision fixed on 21.2.2018

Date:09.02.2018

Central Office:

R-8/38 Raj Nagar

Ghaziabad (U.P.)

Camp Office:

Punjab National Bank

Preet Vihar, Delhi-92

Ph. /Fax No: 0120-4136800 Mobile (G.S.): 9818562336

E-mail: aipnbsf@yahoo.co.in Website: www.aipnbsf.org

Circular No. 2/2018
TO ALL MEMBERS

Dear Comrades.

• UFBU MEETING HELD ON 6TH FEBRUARY 2018

• UFBU DECIDES ALL INDIA STRIKE ON 15TH MARCH 2018

• IBA INVITES UFBU FOR NEGOTIATIONS ON 21ST FEBRUARY 2018

We reproduce hereunder the Circular No. UFBU/2018/01 Dated the 9th February 2018 issued by Com. Sanjeev K. Bandlish, Convenor, United Forum of Bank Unions (UFBU), for information of all affiliates and members.

With revolutionary greetings,

Yours Comradely,

(R. K. SHARMA)
GENERAL SECRETARY

In the background of virtual silence on the part of IBA to hold negotiations with UFBU on our current demands for revision of wages and services conditions, a meeting of UFBU was held at Mumbai on the 6th February 2018.

Delay in wage revision: The meeting was concerned to note that for the past three months, IBA has not held any meeting with us on our demands for wage revision despite assuring us in the meeting held in October, 2017 that shortly another meeting would be held when the IBA would make their offer. So far, there has been no response. Department of Financial Services of Government of India has also been communicating to all the Banks and IBA to conclude the settlement without delay. Even this has been ignored. Regrettably, when we took up the matter with the Government to intervene to expedite the settlement, there was no response. Hence, it was decided after due deliberations that agitational programmes including strike actions have to be resorted to.

Strike call: Accordingly, it was decided to give the call for All India Strike on the 15th March 2018 preceded by other protest programmes like deputation to Chairperson IBA, demonstrations, mass rallies, Badge wearing, Dharna, etc.

IBA invites UFBU for Talks: After our taking the decision on the 6th February 2018, we have been informed by the IBA vide their letter dated the 7th February 2018 that the next round of negotiations on our demands for wage revision has been fixed for the 21st February 2018.In view of this, we shall take part in the negotiations on 21.02.2018 to impress upon the IBA to expedite the settlement. Looking to their response in the meeting on 21st February 2018, UFBU will meet immediately thereafter and take the decision about our agitational programme and strike call.

Continued attacks on Banking Sector – Mass signature Campaign : Further to our successful protest strike on 22.08.2017 and the massive Morcha to Parliament on 15.09.2017, it was decided to undertake mass signature campaign in the Petition to Speaker of Lok Sabha to seek the support of the people to our demands. Already the draft Mass Petition has been circulated to units. The meeting observed that the units are in the process of collecting signatures from the general public and the response is encouraging.

It was decided to complete the campaign by the end of March 2018 so that the Mass Petitions can be handed over to the Speaker of Lok Sabha in the first week of April, 2018 before the conclusion of the surrent Budget Session.

Source: http://aipnbsf.org

Circular Of Wage Revision Talks With Indian Bank Association

Circular Of Wage Revision Talks With Indian Bank Association

Bank Employees Wage Revision Talks with IBA

CIRCULAR No. UFBU/2017/22 27.10.2017

TO ALL CONSTITUENT UNIONS/MEMBERS

Dear Comrades,

WAGE REVISION TALKS WITH IBA

Further to the ongoing discussions in the Sub-Committee on non-financial demands, today, a round of discussions with the Full Negotiating Committee of IBA was held in Mumbai.

From the side of IBA, Mr.R.K. Takkar(MD-UCO Bank and Chairman of the Negotiating Committee), Mr.V.G. Kannan(Chief Executive of IBA), Mrs.Usha Ananthasubramaniam(MD-Allahabad Bank), Mr.P.S. Jayakumar(MD-Bank of Baroda), Mr.Shyam Srinivasan(MD-Federal Bank), Mr.Prashant Kumar(DMD-SBI), Mr.B. Rajkumar(Dy.Chief Executive-IBA), Mr.S.K. Kakkar(Sr. Advisor-IBA) and Mr.K.S. Chauhan(Advisor-IBA) were present.

From the side of UFBU, the following representatives were present: Com.C.H. Venkatachalam and Com.Rajen Nagar(AIBEA), Com.D.T. Franco and Com.Dilip Saha(AIBOC), Com.Sanjeev K. Bandlish and Com.Vinil Saxena(NCBE), Com.S. Nagarajan(AIBOA), Com.C.J. Nandakumar(BEFI), Com.Subhash Sawant(INBEF), Com.K.K. Nair(INBOC), Com.Ramnath Kini(NOBW) and Com.Sunil Deshpande(NOBO).

• We submitted the following main issues/points and wanted the response of IBA
• Wage revision process should be completed expeditiously
• More frequent meetings/discussions to be held for this purpose
• Data regarding establishment expenses, number of employees, etc to be provided
• Negotiations must cover all Officers upto Scale-VII
• IBA to make their initial offer on increase in wages
• Fixing the Price Index upto which DA is to be merged with Basic Pay
• Discussion on the issues pertaining to retirees viz.100% DA, pension updation, improvement in Family Pension, etc.
• Introduction of 5 Day Banking i.e. remaining Saturdays also to be holidays.

IBA responded as under:

• IBA will hold frequent meetings to expedite the process
• Data on Establishment Expenses as on 31.03.2017 was provided. Further data would be provided shortly.
• On the issue of fractured mandate by some Banks, Unions have to take up with the concerned Banks.
•  
• For officers, Performance related Variable Pay method to be introduced.
• DA as on 31.10.2016 can be merged with Basic Pay.
• Issues like 100% DA and updation are subjudice due to litigation.
• On improvement in Family Pension, the cost aspect is being worked out.
• For introduction of 5 Day Banking, the matter needs to be taken up with various stake holders including customers and Government, etc. before any decision is taken.

There was a lot of discussion on these issues. From our side, we informed them as under:

• IBA should commence the meaningful negotiations by making their initial offer on wage increase.
• Entire exercise should be attempted to be completed before December, 2017.
• While we shall meet the top management of the concerned Banks on mandate issue, IBA also should also take initiative to resolve the matter as majority of the Banks have given their mandate for negotiations upto Scale-VII Officers.
• While we are for better performance, efficiency, more productivity, etc., any differentiated wage compensation will result in subjectivity, unilateralism, discrimination and may become demotivating and counter-productive.
• On DA merger point, Unions will discuss and come back in the next round of talks.
• On pension related issues, none of the Unions under UFBU have resorted to litigation.
• On introduction of 5 Day Banking, IBA should take necessary steps from now on.
• IBA took note of our views and it was decided to discuss the issues further in the next round of talks which will be held shortly.

With greetings,

Yours comradely,

sd/-

(SANJEEV K.BANDLISH)

CONVENOR

P.S: It has been decided to hold a meeting of the UFBU at Mumbai on 13.11.2017 to take stock of the developments taking place in the banking sector and to further continue our struggle programmes as well as to work out our strategies to clinch an early and satisfactory wage revision.

Source: http://www.befi.in/

11th Bipartite – Next Wage Revision in Public Sector Banks

Public Sector Bank Employees Wage Revision- 11th Bipartite

11th Bipartite – Next Wage Revision in Public Sector Banks

Next Wage Revision in Public Sector Banks

D.O.No. 4/2/2/15/IR
Girish Chandra Murmu, IAS .
Additional Secretary

Government of India

Ministry of Finance

Department of Financial Services

Jeevan Deep Building, 3rd Floor,

10, Parliament Street,

New Delhi-110 001

March 21, 2017.

Dear MD/CEO

Kindly refer to this Department’s letter dated 12.01.2016, 24.08.2016, 21.10.2016 and 21.12.2016 addressed to all Public Sector Banks ( PSBs) whereby PSBs were requested to initiate the steps taken for smooth conclusion of next wage revision of the employee within time frame. However, it is seen that several Banks are yet to proceed in the matter.

2. May I request PSBs to kindly look into the matter and to conclude the next wage revision prior to the effective date i.e. 01.11.2017

With regards,

Yours sincerely,

(G.C. Murmu)

The Chief Executives of all Public Sector Banks

Authority: http://financialservices.gov.in/